During past week, community managed to destroy an astounding amount of Shiba Inu
According to a report by a SHIB burn tracker, over 22 billion canine tokens have been taken out of circulation in the past week. Additionally, more than half a billion Shiba have been burned in the past 24 hours.
In the meantime, Shiba Inu has added nearly 10% today.
22.8 billion SHIB locked in wallets with no way out in seven days
Crypto burn tracker @Shibburn reported that over the past week, several initiatives within the Shiba Inu fan community have eliminated a total of 22,200,398,699 meme tokens. Despite the mind-blowing figure, in USD, this amount of SHIB is worth $279,281.
It took nearly 500 transactions to move this amount of SHIB to dead-end wallets, where they were locked permanently.
Shibburn also shared on Twitter that in the past 24 hours over 667.2 million Shiba Inu chips have been burned by various businesses and individuals in the SHIB Army. The burn rate has increased by almost 41% compared to the previous one.
Earlier today, SHIB bounced nearly 10%, printing two green candles on the chart.
SHIB adds 20,000 holders
Despite falling more than 86% below the all-time high of $0.00008 reached in October last year, the second most popular meme coin has added a large number of holders since May this year.
Back in April, its number of holders comprised 1,139,000, whereas now it totals 1,167,079.
New Worldwide SHIB Adoptions
More and more companies have recently started accepting Shiba Inu along with other cryptocurrencies. Among them, as U.Today covered last week, is elite Swiss watch producer Tag Heuer.
Aside from that, SHIB will be accepted by thousands of restaurants in more than 60 countries globally thanks to a partnership between Lavu and Verifone, two payment solutions providers, the former working particularly with restaurants.
